Citrix Systems' earnings rise more than 4%

SAN FRANCISCO (MarketWatch) -- Citrix Systems Inc.
CTXS, +0.24%
on Wednesday reported a fourth-quarter profit of $114 million, or 60 cents a share, on revenue of $740 million. During the same period a year ago, the business-software company earned $109 million, or 58 cents a share, on $619 million in sales. Excluding one-time items, Citrix would have earned $169 million, or 90 cents a share. Analysts surveyed by FactSet had forecast Citrix to earn 84 cents a share on $705.8 million in revenue. For its first quarter, Citrix expects to earn between 62 cents and 63 cents a share on revenue of $670 million to $680 million. Citrix's shares rose almost 9% in after-hours trading following the release of its results.

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